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Investment Market Update

22 February 2017

World markets

FTSE 100-0.3%7274.83

FTSE 2500.1%18772.21

Euro Stoxx 6000.6%373.40

S&P 5000.6%2365.38

Nikkei0.0%19379.87

Hang Seng (HK$)0.8%24161.24

asia

Asian stocks rose as markets from Hong Kong to Singapore followed a rally in the US. Toshiba shares soared 18.5% on Wednesday as investors snapped up shares on expectations it will soon sell off a stake in its prized microchip business.

us

US stocks advanced following a three-day weekend as climbing oil prices boosted energy companies, and helped in part by merger and acquisition activity.

uk

UK stocks fell back slightly with the biggest drop of the day coming from global bank HSBC, with a fall of nearly 7%, as they reported a 62% drop in profits. Shares in Rolls-Royce rose 3.5%, as investors continued to react to Goldman Sachs upgrading its rating on the shares to "buy".

Headlines

Lloyds Banking Group Plc, Britain’s largest mortgage lender, swung to a fourth-quarter profit even as it faced more than £700 million of conduct and restructuring charges. Pre-tax profit was £973 million, compared to a loss of £507 million a year earlier.

OPEC and Russia will need to pro-long their six-month deal to cut oil output if they plan to trim the global inventory glut that has kept a lid on prices, said Total SA Chief Executive Officer Patrick Pouyanne.

Market data

Price

1d

YTD

2016

UK (£)

FTSE 100

7,274.83

-0.3%

1.8%

14.4%

FTSE 250

18,772.21

0.1%

3.8%

3.7%

FTSE All Share

3,960.17

-0.3%

2.2%

12.5%

FTSE Small Cap

5,353.02

0.1%

4.1%

11.0%

St. James's Place

1,090.00

-1.1%

7.5%

3.9%

Europe (€)

Euro Stoxx 600

373.40

0.6%

3.3%

-1.2%

DAX 30

11,967.49

1.2%

4.2%

7.0%

CAC 40

4,888.76

0.5%

0.5%

4.9%

US (US$)

S&P 500

2,365.38

0.6%

5.7%

9.5%

Dow Jones Ind

20,743.00

0.6%

5.0%

13.4%

NASDAQ

5,865.95

0.5%

9.0%

7.5%

Asia

Hang Seng

24,161.24

0.8%

9.8%

0.4%

Nikkei 225

19,379.87

0.0%

1.4%

1.8%

Australia 200

5,805.10

0.2%

2.5%

7.0%

MSCI AC Asia Pacific

145.27

0.1%

7.6%

2.3%

World (US$)

MSCI World (Developed)

1,843.05

0.3%

5.2%

5.3%

MSCI AC World (Dev & Em)

445.92

0.3%

5.7%

5.6%

MSCI Emerging Markets

945.64

0.2%

9.7%

8.6%

MSCI AC World Value

202.67

0.3%

4.3%

9.5%

MSCI AC World Growth

231.23

0.4%

7.2%

1.8%

Fixed Income

FTSE Gilts All Stocks

3,506.44

-0.1%

-0.5%

8.5%

FTSE Index Linked All Stocks

626.83

-1.0%

-1.6%

21.2%

ML Sterling Corporate Bonds

381.76

-0.1%

0.1%

10.7%

ML Global High Yield Bonds

350.94

0.1%

2.5%

15.0%

Commodities (US$)

Brent Crude Oil

56.66

0.9%

-1.4%

23.4%

Gold

1,238.21

0.1%

7.4%

8.6%

UK Sectors

Basic Materials

5,754.95

0.0%

13.9%

93.9%

Consumer Goods and Services

21,009.76

0.4%

6.7%

9.6%

Financials

4,944.42

-1.8%

3.5%

8.6%

Health Care

10,247.39

0.2%

3.7%

5.8%

Industrials

3,960.17

-0.3%

2.2%

15.4%

Oil & Gas

7,836.16

0.9%

-8.3%

54.2%

Technology

2,133.49

1.0%

6.6%

33.4%

Telecommunications

3,219.68

0.4%

-4.7%

-14.7%

Utilities

8,742.48

0.8%

1.5%

2.5%

Currencies

$ per £

1.25

0.3%

1.2%

-16.3%

€ per £

1.19

0.4%

1.2%

-15.7%

¥ per £

141.72

0.2%

-1.9%

-22.7%

Indicators

VIX Index (Volatility)

11.57

0.7%

-17.6%

-22.9%

Baltic Dry Index

778.00

2.8%

-19.0%

101.1%

UK Rates

BoE Base Rate

0.25%

LIBOR (3 months)

0.36%

Consumer Price Index

1.80%

Retail Price Index

2.60%

Yields / Ratios

FTSE 100 Adj P/E

28.15

FTSE All Share Adj P/E

25.52

FTSE All Share Yld

3.83%

15yr Gilt Yield

1.66%

10yr Gilt Yield

1.24%

10yr US Tres Yield

2.43%

Market prices will reflect the last closing prices with the exception of the Asian markets which may be still trading at the time the data is obtained. The data for these markets is therefore a snapshot of live trading data obtained between 06.45 and 07.15 GMT. Growth is shown cumulative and is not annualised. A positive currency movement indicates the £ appreciating against the other currency. Performance data does not account for the re-investment of dividends. This information has been reproduced by kind permission of Bloomberg and does not necessarily reflect the opinions of St. James's Place Wealth Management. St. James's Place considers the information to be reliable but it is not intended to provide a sufficient basis on which to make an investment decision.

Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Some of the products and investment structures documented within this article will not be available to our clients in Asia. For information on the funds that are available please get in touch.

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Important notice

Although the content of the article(s) archived were correct at the time of writing, the accuracy of the information should not be relied upon, as it may have been subject to subsequent tax, legislative or event changes.